SEC Form 4 · accession 0001576570-15-000004
ALTERA CORP · ALTR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Daane
Officer — President and CEO · Director
Period of report
Feb 25, 2015
Accepted (ET)
Feb 27, 2015 · 6:01 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000768251
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 25, 2015 | M | 100,500 | $0.00 | A | 650,792 | D | |
| Common StockF2,F3 | Feb 25, 2015 | F | 48,449 | $36.72 | D | 602,343 | D | |
| Common Stock | holding | — | — | — | 270,000 | I | by Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Unit (RSU)F1,F4 | — | Feb 25, 2015 | M | 100,500 | D | — | — | Common Stock | 100,500 | 152,754 | D |
Explanation of responses
- F1Each Restricted Stock Unit ("RSU") represents a contingent right to receive at settlement one share of Altera common stock at no cost.
- F2Shares of common stock were withheld at vesting to cover required tax withholding. The fair market value of Altera common stock used for purposes of calculating the number of shares to be withheld was the closing price of Altera common stock as reported on the NASDAQ Stock Market on such vesting date.
- F3Includes shares of common stock acquired under the Altera Corporation 1987 Employee Stock Purchase Plan on October 31, 2014.
- F4On February 25, 2011, the Reporting Person received a grant of RSUs that vest over a four-year period. One-fourth of the RSUs vested on February 25, 2015 and the shares were delivered to the Reporting Person on such date.